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20131105
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Search Results 0 to 44 of about 45 (some duplicates have been removed)
shopping season. far and away the most important factor is how the economy is doing. the botched health care law implementation -- and by the way, neil, he's got you there. you get an e for effort there. but you want to blame everything on obama care. and it could be terrible. and -- >> no, i don't want to blame everything. where do you get that? i've had it with you. i'm done with you. i'm moving on now. i'm moving on to my hollywood buddy, ben stein. for those who are now paying higher premiums or looking to, will it affect what they do this holiday season? >> yes. i understand the question, counselor. >> thank you. >> i understand the question, your honor. >> all right. >> for those who are contemplating pays more for health insurance and contemplating instead paying less, obviously they will be more cautious. i think the fact that obama care has been a fiasco, a disaster of poor planning and incredibly poor executive leadership, is even more important. it tells people we can't have confident in the people running the government of this country. that has much more to do with shopping
months in a row. $14 billion. there's no confidence in this economy. no confidence in the direction of this country. and it's reflective. and this could be the final nail in that coffin. >> i don't know how you draw the correlation between this and a slowdown in holiday sales right now. >> well, let me -- >> i can do it. >> let me tell you, you arrogant good for nothing. [ laughter ] >> you're paying more for premiums, you will have to pay less -- people don't have your kind of money. >> but the haters like you are saying -- >> i am not a hater. i am telling you -- do you think it will affect holiday sales? yes or no? >> mr. neil, you are speaking out of both ends of your mouth, and here's why. on one hand you're saying that the plan isn't going to work. >> no. all i'm asking, will it impact holiday sales? yes or no? >> no. i don't think so. >> that's all i need to know. dagen? >> yes. >> jeez, what is up with you guys? it's like mutiny. go ahead. >> we had the run of the place when he was in charge. that's why. >> well, because it will because you have millions of americans who are
. >> our economies are very integrated. one would expect that they'll continue to be integrated. you know, so the idea that we're going to isolate them, i don't really see how that would work in any case. but if that were a goal of policy, if we actually could get to a situation where we did sort of separate the countries, that would not be a pretty picture. so i think we have to look to integrate with them and ideally on better terms than we currently have. >> some people refer to this pacific deal as the "north american free trade agreement on steroids." does that make sense to you? >> well, it does because the north american trade agreement in the end wound up helping corporations and didn't do much for american workers. in fact, there have been economists who've said that nafta produced as much as nearly a million job losses in the u.s. and the whole notion of this agreement is to facilitate the movement of capital and to give capital even more privileges than it has now. so, you know, workers, except for a few who have a seat at the table like the uaw, are basically at the back of th
in the company's consumer line business. the ceo was on the closing bell yesterday talking about the economy and the broader business environment. >> it was lacking is enough confidence to take risk toes create jobs. i think that's the big issue here. but people are maximizing what they have. they're not doing a lot of new things. so for aig, we continue to grow. we continue to grow across the board, both in the united states and around the world. but it's a matter of our clients are a little bit more cautious. but i don't know that this quarter or next quarter that you'll see any effect on our business materially. >> and stores products retailer container store, they raised $225 million. the ipo was priced at $18 a share, the top end of its increased price range. stairs are set to start trading on the new york stock exchange today under the symbol tcs. >>> microsoft co-founder paul allen's fund is suggesting microsoft spin off its consumer business. this is big news. the man who manages allen's fortune is now suggesting that microsoft search and xbox business res deextracting from the softw
studying the complexity of the u.s. and global economy. the financial crises of 2008 took nearly everyone by surprise, leading economists and the brightest minds on wall street were forced to rethink fundmental functions, the map and the territory, risk, human nature and the future of forecasting is a guide to measuring economic vacialsz -- variables one thought to be immeasurable. i'm glad to have alan greenspan back at this table. welcome. how do we decide on the map and the territory. >> it's a little abstract and that's what it's supposed to be. the map is supposed to be the conceptual framework what we're doing with and the territory is reality. and economists always try to get the two of them to come together and a good deal of the times we fail. >> rose: all right. let's talk about all that. role clip. this is a clip with you and i n an interview before you wrote this book. >> something you can never the quite cal brate is the human emotional aspect of markets. >> i'm glad you raised that issue charlie because i'm just starting to write a economic. it's call the economytrics of
this is the new brazil, it is the leading economy in latin america. it's now 1-2%. >> yes. well, you know, i'm a terrible skeptic about those gdp numbers. sometimes they say 1.3 or 3.1 or 2.2. if it's 1.6 you get depressed and you don't invest. it doesn't work like that. this is a very big measure of things going on, and has huge holes in gdp. like for example, if you make a hole and then fill it up again, it counts as gdp. so i have a lot of questions about gdp numbers. but having said that, we have gone through a period of slower growth. >> rose: because? >> well, again, government management in the last, in the last presidency calderon was disastrous. what he did in terms of putting the war a drugs on everybody's mind and scaring everybody about you can be killed if you visit mexico or you go to certain towns. i mean, that's not conductive to any kind of good business. >> rose: but the operative idea he had was we kind of wiped this out because it was hurting mexico in every way. recognizing the demand came to the united states otherwise it wouldn't have been the kind of business it was
to be lackluster month after month. >> well, i mean, you know, you put a real big pall on the economy. you know, the numbers are fairly weak, but the earnings are really what's driving the equity market right now. and as we know, the stock markets tell us what's happening in the future, not what's had in the past -- not what's happened in the past. they're not forecasting data points. and i think that the market and the investors are telling you we're going higher. there are a few other things that work in the marketplace currently right now that people are trying to chase performance before year end, and that's also helping. i don't think it'll be derailed by the fed this week or, you know, these blips in the data points which the government seems to manipulate when they so choose to do so. lori: all right. i mean, apple is expected to report its fourth consecutive declining year-over-year earnings. you're on to something here. i think the street is very forgiving. these are extremely weak comparison quarters for a company, so it's not taking them that much to beat prior quarters. this is the
cover various scenarios for the economy that the banks will use in 2014 projections. much 2economic variables in all. one much scenarios is for a severe global recession like we had in the last financial crisis one employment rising to more than 11%. 50% drop in equity prices and a 25% drop in home prices. all 30 of the companies in 2014 in the process for 2014, must submit their plans to the fed for review by january 6th. and as in previous years the fed will publicly release results next march. ashley, tracy. ashley: interesting stuff. peter barnes, d.c., thank you so much. >> you bet. tracy: with all that is going on we have to get down to the floor of the new york stock exchange. right now nicole petallides down there. dow is up 57 points. i mean it doesn't seem to be reacting much. >> well it is interesting. you've had certain stocks reacting to this news. for example, some gun stocks, ruger and smith & wesson had very significant pop on the news but the major market averages are looking more big picture it seems. dow is up 57 points at 16 -- 15,603. that is gain of one-third o
, and the gaming industry is in desperate shape, but the slowing economy didn't stop wynn from opening his most opulent casino-resort yet, the encore. charlie rose, who has known steve wynn both personally and professionally for about 15 years, was on hand during encore's opening night back in 2008. >> if all of our customers and friends are at the tables, gentlemen and ladies, place your bets. let the games begin. [cheers and applause] >> at 67, steve wynn is a legend in las vegas... >> if you're gonna start a gambling joint, start a gambling joint. >> the man with the midas touch who added glamour to the gambling industry. >> isn't this fun? >> it's perfect. >> even in this recession, thousands came to try their luck at his new casino. >> that's what i'm talking about! >> whoo! >> encore cost nearly $2.3 billion, a risky bet in a bad economy. why, in this economic environment, would you open a hotel? >> well, i'll tell you right now that if i had any idea this-- i wouldn't, if i had a choice, but this project was started four years ago. these things have a huge lead time. >> the gambling indu
't for the mines and miners you wouldn't have the economy, we wouldn't have the country we have today. we wouldn't be the greatest economy in the world. they were able to give us affordable, dependable, reliable energy and the thing that i have a hard time here in washington is fighting and making people understand that coal is part of our mix, largest part of our energy mix. work with my. don't make it more difficult. help me find technology we can continue to clean up the environment. we've done more in the last two decades than ever in the history. we can even do more. we like to think we would have a partner. right now in west begin, we think we're working, our government is working against us. i have to be honest with you, i think they are too. i'm trying to keep every door open i can work with them. but i'm not growing to sit back and them not know what we do and how hard we do it an how much energy we provide for this country and the coal that makes still some of the best coking coal in the world comes out of west virginia. our state has done some heavy lifting. we don't mind that. we're
.com as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. >>> time for sports. bangles, dolphins, thursday night football action. the fourth quarter, bangles trailing 17-10. bernard, he's got to run 70 yards to go. this is good. what's happening right now is good, if you like the bangles. bad if you like the dolphins. tied up at 17. they trade field goals. we go to o.t. bizarre ending. dalton tackled in the end zone for a safety. it's only the third ending safety in the history of the national football league. 22-20. baseball's hall of fame got their hands on baseball treasures. >> did you steal some? >> we didn't get what you are about to see. a bat used by david or tease. cleats worn by closer koji. >> that was fun. what is it when you put someone in a head lock? >> a man hu
morning. >> he was the embodiment of brazil's booming economy. he estimated his worth at $30 billion. his fortune would get bigger, much bigger. >> what do you think your net worth could become in the next years? >> $100 billion? >> you think so? >> yes. >> $100 billion? >> yes. >> where charlie was in 2010 he predicted he was going to be the richest man in the world. >> quite a view. >> when 60 minutes visited his palacious home in rio dejaneiro that same year he was just as brash about the future of his country. >> in the last 16 years, brazil put their act together. time for americans to wake up. >> now his investors are waking up to a nightmare. batista's business is collapsing and his fortune is gone. >> how do you lose $30 billion in a year? >> yeah. a few different ways. he borrowed a ton of money and he was overlever origined and when things started to go down his fortune went down and he had to pay back creditors. >> he uncovered the epic fall for the "new york times." >> he was the consummate salesman and it reminds you of a donald company. he put his name on
francisco's booming economy is companies like salesforce.com a leading maker of products and growth has been explosive. marc benioff is a local boy made good. he earned a fortune and feels an obligation to give back. in fact, he made corporate part of the business plan. they donated $3 million to san francisco's middle schools for teacher training, wireless access and ipad s for students. in 2010 he donated $120 million to the children's hospital. scott shafer has our interview. >> reporter: marc benioff welcome to kqed newsroom. >> glad to be here. >> you're a fourth generation, born in the mid 60s. a lot going on then. how did that impact you and the way you look at the world? >> well, i love the bay area and san francisco. i feel like we live in a nirvana here and we look at the amazing people and on top of that unbelievable invasion that comes out of these universities and communities and draws so many interesting people from all over the world. >> what about you as a kid or even as a young man? is there something -- was there something that it clicked for you that really made you the pe
generates more revenue into the economy of the city than the yankees, mets, knicks and rangers combined. [applause] that number is north of $700 million each year. [applause] my friend mike bloomberg, who ought to know something about good deals -- [laughter] he will tell you, and this is almost a precise quote, he says the only good athletic sports stadium deal not just in new york, but in the country. so, in fact, each year i'm just delighted. i spend a lot of time at the open day and night. you make these sacrifices when you -- [laughter] we also during our time created fashion week, restaurant week, broadway on broadway which some of you will remember. we've continued for decades now and attract attention and tremendous revenue in the city on an annual basis. most notably during our term racial tensions eased despite the realities of economic downturn which gripped our city and our nation. although we had precious few dollars to spend on social programs, perhaps the folks in need gave us a pass, because they knew that we would, indeed, be for them when the economy changed. never the
, this is brazil the hottest economy in the world next to china and batista is a symbol of it but it proves to be a lot of thin air. >> reporter: much of the oil turned out to be unrecoverable, too difficult or expensive to pull out of the ground. some fields had to be abandoned. then as batista ee cash was running out, the brazilian economy began to get cool. >> that's what his fortuned were tied to. >> reporter: only last year batista ranked eighth on bloomberg's index of world billionaires. he's now fallen off the list. what does he have left at this point? >> well thing he has a lot of debts left to creditors. stay tuned. but there doesn't look like there's going a happy ending to this story. >> when it filed for bankruptcy wednesday it listed $5 billion in debts. >> it's an amazing story. i went to brazil and some of my friends knew him. he invited us to visit with him. he has a mercedes in his living room. >> half a million dollars. >> and you walk outside and there's a cross. it's a spectacular view of brazil. he has fallen a very long distance. >> is it be
economy in the world next to china and batista is a symbol of it but it proves to be a lot of thin air. >> reporter: much of the oil turned out to be unrecoverable, too difficult or expensive to pull out of the ground. some fields had to be abandoned. then as batista ee cash was running out, the brazilian economy began to get cool. >> that's what his fortuned were tied to. >> reporter: only last year batista ranked eighth on bloomberg's index of world billionaires. he's now fallen off the list. what does he have left at this point? >> well, thing he has a lot of debts left to creditors. stay tuned. but there doesn't look like there's going a happy ending to this story. >> when it filed for bankruptcy wednesday it listed $5 billion in debts. >> it's an amazing story. i went to brazil and some of my friends knew him. he invited us to visit with him. he has a mercedes in his living room. >> half a million dollars. >> and you walk outside and there's a cross. it's a spectacular view of brazil. he has fallen a very long distance. >> is it because he was more of a showman? >> no. i think he
are thestreet.com. >>> stocks are hot but the economy is not. what does it mean for your investments. >>? plans can led, sticker shock anded to a white house official on capitol hill was asked to explain why millions may not be able to keep insurance plans. >>> and one your later, on the anniversary of hurricanesandy, helping homeowners keep heads ab
to deal with the middle east. he would like to pivot to asia, that is where the economies are growing and he would like to walk away from the middle east and what we see, i think, all of these things that are happening that we can see post of which are bad, they are happening essentially in the absence of really strong american leadership. >> rose: what is going to happen in syria? >> blood. >> well, a good muslim will say, only allah knows. we don't know what is going to happen to syria. we don't know if syria will hold. we know syria is broken into these different parts. we do know that historically syria was, it has the sunni cities and damascus, it had the alawite coast and druid area in the southeast and kurdish part in the northeast, so in a way, syria itself is being tested and the proposition is being tested whether syria could hold together. one note on, i am very sympathetic to what david ignatius says that we can't really solve the sunni shia schism, the sunni shia schism dates back to karbala, it is not calling on the united states to solve that crisis but the united state
do right now to keep growing this economy. and creating new jobs. >> reporter: just an effort to turn the page in one of his toughest weeks in his second term. who would have thought this joke on saturday night live. >> millions of americans are visiting healthcare.gov which is great news. unfortunately the site was only designed to handle six users at a time. >> reporter: would turn into an actual prediction. on friday, they revealed that only six americans were able to sign up on obama care flawed website on the first day. some unable to keep its health care plan. as the president promised over and over again. >> i said this once or twice but it bears repeating if you like your health care -- if you like if you like your plan, you keep your plan. you can keep your plan. period. >> reporter: it suddenly changed. most, if not all, could keep their health care plan. then there are the new bombshells in the book "double down." including campaign staffers offering an intervention after obama's disastrous first debate. the president telling them, "i just don't know if i can do this." his
. in seaside heights the same boardwalk and heart of the shore town's economy took a pounding. >> this is our lives, how we feed our family, support ourselves. >> reporter: mike carbone had to completely rebuild the first and second floors of his restaurant after the storm. almost a year later, tragedy struck again. fast-moving flames destroyed nearly 70 businesses along the boardwalk in september. authorities blamed the fire on electrical wiring damaged by sandy. >> on the road to recovery and then this fire i think we took one step forward and about three steps backwards. >> reporter: in the days after the storm, new jersey governor chris christie promised a full recovery. >> we're going to work together to rebuild our state in a way that's going to make us even prouder than we are already about where we live. >> reporter: before or after photos show how far jersey has come, roads broken up by storm surge now patched up. neighborhoods reduced to rubble are in the midst of rebuilding. the reaction to christie's response has been mixed. a recent poll found that among th
looks at how it will affect families and the future of our economy. >>> no illusion mirrors are bringing light to a dark corner of norway. the town that's waking up to a new dawn. >>> neighbors say a hot sauce factory is bringing them nothing but pain. a look inside the home of sir siracha. >>> i'm accountable to you for fixing these problems. and i'm committed to earning your confidence back by fixing the site. >> right off the bat, secretary sebelius apologized. she brushed off calls for her to resign. >> they no longer deny the health care website was a mess. >> a new height for the dow. what's driving this? >> corporate america is in great shape. >> china's calling a car attack in tiananmen square an act of terrorism. >> the fact is they almost didn't make it out of st. louis. >> a marine veteran dies saving kids in a school shooting. his widow remembers his bravery. >> i knew exactly what he did. >> an american soldier reunited with the afghan translator who saved his life. >> did you ever think this was not going to happen? did you ever give up h
of our economy. >>> it's no illusion mirrors are bringing light to a dark corner of norway. we'll visit a town that's waking up to a new dawn. >>> and neighbors say a hot sauce factory is bringing them nothing but pain. only on "cbs this morning," an inside look at the home of sriracha. but first this morning's "eye opener" at 8:00. >>> secretary sebelius was asked to testify last week but she didn't have time and the questions have only piled up. >> a new high for the dow. what's driving it. >> oh, my goodness. it's corporate america in great shape. >> media reports that china's falling apart near tiananmen square. an act of terrorism. >> reporter: the cardinals have to win tonight or they'll go home. last night it wasn't clear if they'd make it out of st. louis. >>> a marine veteran dies saving his schoolchildren. >>> an american soldier reunites with an afghan soldier who saved his life. >> reporter: did you ever think this was not going to happen? did you ever give up hope? >> i had a brother here fighting for me. >> i hope it's tock be a red sox fan an
schlesinger looks at how prices will affect families and the future of our economy. >>> it's no illusion, mirrors are bringing light to a dark corner of norway. we'll visit a town that's waking up to a new dawn. >>> and neighbors say a hot sauce factory is bringing them nothing but pain. only on "cbs this morning," an inside look at the home of sriracha. but first this morning's "eye opener" at 8:00. >>> secretary sebelius was asked to testify last week but she didn't have time and the questions have only piled up. >> a new high for the dow. what's driving it. >> oh, my goodness. it's corporate america in great shape. >> media reports that china's falling apart near tiananmen square. an act of terrorism. >> reporter: the cardinals have to win tonight or they'll go home. last night it wasn't clear if they'd make it out of st. louis. >>> a marine veteran dies saving his schoolchildren. >>> an american soldier reunites with an afghan soldier who saved his life. >> reporter: did you ever think this was not going to happen? did you ever give up hope? >> i had a brother here fighting for me. >
and the economy. that's why i'm supporting terry mcauliffe. "i'm terry mcauliffe, candidate for governor, and i sponsored this ad." i'm mark herring, candidate for sponsored this ad.nd i vo: this is what mark obenshain called a "common sense proposal." obenshain voted to force women to have a transvaginal ultrasound in order to have an abortion. called "intrusive," "medically unnecessary," and "government rape." the virginian-pilot said obenshain used the power of government to do something grotesque. and now he wants to be attorney general? mark obenshain: a real threat to virginia women. . >>> this halloween, ann reich is doing what she does best, writing from the dark side. she conjured up famous vanilla pires. michelle miller sat down with rice for an interview you'll oil seal. >> they're deeply devoted and now the daughter is planning to put down new roots in a place that started the legendary career. >> reporter: the queen has been back. >> i've been away too along. >> reporter: but the fans have been keeping her supernatural world alive. >> i thought they really know what matters. to gui
economy. if you were a car salesman, and you did, you might celebrate with a high-five. you might do a fist-pump. but joseph, the manager of eastern shore hyundai in alabama, takes it a step further. and thankfully, someone caught it on their iphone. >> whoa. >> that is amazing. >> he's got some moves. >> he really does. >> very old-school. congrats on selling the car. and thank you for giving us a smile on this tuesday. >> wow. >> he's going to now. >>> back to ginger zee, seaside heights, new jersey. first anniversary of superstorm sandy. ginger's out there this morning. looks a little chilly, ginger. >> yeah. it's a little chilly. a little breezy. but it's going to be a nice day. this is such a great reminder that disasters do not take weeks, months but years to recover from. construction ongoing. houses like the ones behind me that need to be tore down still. and just a block away, the blue house is essentially brand-new. a whole lot going on in the new jersey shore. we want to get to the weather forecast for the east coast. a much different picture one year later. really nice, a
Search Results 0 to 44 of about 45 (some duplicates have been removed)

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